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Im starting an internet company and detailing the entire process

Im starting an internet company and detailing the entireprocess

Im building something new! I think youll be interested in following along. A lot of you want to start internet businesseswell Im starting a new internet business and documenting the entireprocess.

Heres how it willwork

Each week Ill send out an email detailing my progress. That email will include things like: how much money I am spending on development, features I am working on for the minimal viable product, design mockups, technical challenges, launch strategies, usage stats, revenue and anything else you want to know. Youll get to see how I am building the company, and youll also get to give me input so the product turns out to be something youd like to use.

I only want people who are interested to receive this email.

Sign up here to get the weekly updates.

There are already three progress reports because I started building this new company a three weeks ago. If you sign up now youll get the updates. Ill be responding to your questions and feedback there.

What am I building?

I still havent mentioned what I am building!

Heres the problem: youre building an online course like Bitfountain, or any kind of online community, and you want to engage your users. The common solution is to create a Slack group and send your users there. But thats not good for your business! Why are you sending your users to another app? They should be engaged on your site, not spending time in another companys app.

On the other hand, you dont have the time and resources to build a full featured chat app into your website. You need to focus on growing your community! Thats where my app comes in.

The app is called Powwow. Its as easy to integrate as Google Analytics (copying and pasting javascript snippet into your site), and it is built for organized community engagement like Zulip. Youll get to know more about the product if you sign up for the updates.

Startup or InternetCompany

According to Paul Graham: Startup = Growth.

A company that grows at 1% a week will grow 1.7x a year, whereas a company that grows at 5% a week will grow 12.6x. A company making $1000 a month (a typical number early in YC) and growing at 1% a week will 4 years later be making $7900 a month, which is less than a good programmer makes in salary in Silicon Valley. A startup that grows at 5% a week will in 4 years be making $25 million a month.

If Powwow grows at rates mentioned in the article, which we most certainly want it to, then it is by Grahams definition a startup. The contradiction is that growth isnt the only thing we want. We want to build a company that promotes remote work. We want to try new ways to motivate employees that dont revolve around stock options with unknown value. And we want the ability to not grow when circumstances call for it.

Were an internet company that aims for sustainability and flexibility.

My Background

I started a company called Bitfountain in 2012. We began as an iOS Development agency in New York City, but quickly transitioned into teaching iOS development online. Our community grew to 110k students, and we ran the company while traveling between places like Berlin, Barcelona, Paris, Portland and Melbourne. Business insider wrote a little about us and I was interviewed on Mixergy. Check those links out if you want more info on the Bitfountain story.

Right now I am in Berlin, but in the process of moving to California.

Whats next?

Im not going to share Powwow updates on Medium every week, so the next thing you should do if you want those updates is to get on my new email list. Youll get a confirmation email and then the first three progress updates.

Get on the list here!

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